CEO: VTB buys 29.1% in Magnit for about 138 bln rbl

УWe have just signed an agreement to buy a 29.1% stake in retailer Magnit. This way, VTB Group has become the largest shareholder of Magnit company. The value of the deal is about 138 billion rubles,Ф Kostin said.

Approval by the Federal Antimonopoly Service is required to close the deal, he added.